JPMorgan said actions by U.S. regulators partly offset the Clarity Act setback, but longer-lasting rules are still needed.
Tag:
Act
The US Office of the Comptroller of the Currency finalized rules Wednesday for payment stablecoin reserves, redemptions and related custody activities, implementing the GENIUS Act for entities under its jurisdiction. The final rule states …
- Bitcoin & Ethereum
Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal
by adminby adminCoinbase spent enough to make the top-ten in the overall category of securities and investment lobbying, according to OpenSecrets.org, above even Goldman Sachs Group Inc. and Andreessen Horowitz. In U.S. law, lobbying must be …
- Blockchain Research
Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act
by adminby adminBitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act. The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after …
- DeFi Market
Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround
by adminby adminThe White House countered the bankers’ concerns on Tuesday by posting economic data suggesting the worries are misguided. Jaret Seiberg, a policy analyst at TD Cowen, set the odds for a failure in the …
- NFT & Metaverse
Coinbase Has a Backup Plan if the Crypto CLARITY Act Fails in Congress
by adminby adminCoinbase is preparing for the possibility that the long-awaited U.S. crypto market-structure bill may fail to clear Congress, but the exchange does not intend to slow down its plans for new products and services. …
U.S. Secretary of the Treasury Scott Bessent urged lawmakers to move forward with the crypto Clarity Act when they return from recess next week. Writing on X Wednesday, Bessent said that the bill would …
Altcoin Highlights
CFTC sends crypto rules to White House to review as Congress stalls on Clarity Act
by admin
by admin
“The CFTC is locked in and ready to ship its rules for the new frontier of finance,” CFTC chair Mike Selig wrote in a post on X following the vote on Wednesday. The CFTC, …
Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ …
The crypto industry is launching a seven-figure national advertising campaign to rescue the CLARITY Act ahead of a crucial Senate vote next week. The Senate is scheduled to vote Sept. 15 on whether to …
